Coffee Bean & Tea Leaf to open 100 cafes in New York, heightening the city's coffee wars
Los Angeles-based The Coffee Bean and Tea Leaf plans to open 100 franchise locations in New York. Commercial rents are finally starting to drop in New York, opening the doors for restaurants and retailers to fill a glut of vacant spaces. One coffee company is about to set up shop in New York, entering the city with an aggressive growth strategy at a time when others are scaling back.